Crypto and AI: The Unexpected Love Story of the Century! 💔💰

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  • Trump’s administration backs Bitcoin, establishing a Strategic Digital Asset Reserve.
  • U.S. controls 198K BTC as talks of a national Bitcoin reserve gain traction.

In the dazzling lights of Las Vegas, where fortunes are made and lost faster than you can say “blockchain,” David Sacks, the new maestro of AI and crypto in the White House, unveiled the Trump administration’s rapid tango with digital assets. Who knew politics could be so… electrifying? ⚡️

David Sacks on Bitcoin in the U.S. policy

Sharing the stage with the Winklevoss twins—yes, those guys who look like they just stepped out of a tech bro convention—Sacks pointed out how the administration has done a complete 180 on its previous regulatory stance. In just 100 days, promises are being checked off like a grocery list. 🛒

Among the highlights is the birth of a Strategic Digital Asset Reserve, which sounds fancy and all, but really hints at Uncle Sam’s potential shopping spree in the crypto aisle. Bitcoin [BTC] is about to get a government makeover! 💄

Sacks quipped,

“If it can be done in a budget-neutral way—specifically, if either the Commerce Department or the Treasury Department can figure out how to fund it without adding to the debt—then they are allowed to create those programs.”

What is required to make this happen?

Our Crypto Czar made it clear: Treasury Secretary Scott Besson or Commerce Secretary Howard Lutnick need to hop on the Bitcoin bandwagon. 🚀

He stressed that any government crypto shopping spree must be funded without raising taxes or adding to the national debt. Maybe they can just find some spare change in the couch cushions? 💸

According to Sacks, both departments can jump into action if they can find a funding path that aligns with the president’s grand vision. Talk about a political scavenger hunt!

Sacks on Trump’s first 100 days

He painted a picture of the early days of Trump’s crypto policy as a whirlwind romance, filled with swift moves to reshape the regulatory landscape. Who needs a love story when you have executive orders?

“On the President’s first full day in office, he pardoned Ross Ulbricht. Two days later, he signed a week-one executive order to promote U.S. leadership in digital assets. That order prohibited CBDCs, ended Operation Choke Point 2.0, and created the President’s Working Group on digital assets.”

Describing Bitcoin as the backbone of tomorrow’s finance, the conversation took a turn to energy infrastructure, which is crucial for both AI and crypto growth. Sacks added,

“One of the common denominators between AI and Bitcoin is that you need energy. You need power. You need electricity to power GPUs for AI data centers, and you need it for Bitcoin ASICs to generate hash power.”

U.S. Bitcoin holdings

As it stands, the U.S. is sitting on a treasure trove of over 198,000 BTC, mostly acquired through high-profile seizures, valued at more than $21 billion. Talk about a government jackpot! 🎰

In fact, the DOJ has started selling off some of these holdings, as the momentum for a national Bitcoin reserve grows. Meanwhile, states like New Hampshire, Arizona, and Texas are already taking independent steps toward this vision, while others are still figuring out how to turn on their computers. 💻

Lastly, Polymarket estimates a 48% chance that the U.S. will establish such a reserve by 2025, highlighting a rising but fragmented push toward long-term crypto independence. Who knew the future of finance could be so… unpredictable? 🤷‍♂️

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2025-05-28 21:19